As we wrote about the Cape Horn Lofts building at 540 Delancey last year:

It was sixteen condos before units #402 and #403 were combined to form a 2,900 square foot unit with over 1,000 square feet of outdoor space. In contract (and so noted) at the time we profiled #401, 540 Delancey #402/3 sold for $3,100,000 in October 2008.

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Comments from “Plugged-In” Readers

What’s the back story here? Why did someone pay over asking for this property after it languished for so long? Dumb Zynga, Twitter, et al. money creating a bidding war? Someone discover some unforeseen value?